Tambun Indah Land Bhd has terminated its sale and purchase agreement (SPA) with TPPT Sdn Bhd to acquire 27 parcels of land in Seberang Perai, Penang for RM150mil. The company said on Tuesday the SPA, signed by its unit Palmington Sdn Bhd on July 4, 2014, with TPPT had ceased ... Read More

The quality of affordable houses in the country is still not up to standard, said the Construction Industry Development Board (CIDB) Malaysia. Development Sector Senior General Manager Ahmad 'Asri Abdul Hamid said of the 700 projects assessed to date by the CIDB under the Quality Assessment System in Construction (Qlassic), ... Read More

My attention was captured by a news entitled “The only place where housing is easily affordable” when reading The Times, a UK paper recently. While I had expected some light on affordable housing solutions, I was surprised to find out that Copeland is the only area in England where house ... Read More

Malaysia is now the choice location for US companies that want to diversify in Asia. Deputy chief of mission of the US Embassy in Kuala Lumpur Edgard D. Kagan toldStarBiz that there were also companies in China that wanted another location in Asia to set up a platform. “They are looking ... Read More

Bank Negara is expected to keep the Overnight Policy Rate (OPR) unchanged at 3.25% in light of the risks and uncertainties surrounding the global economy. Bank Negara’s Monetary Policy Committee (MPC), which is meeting for the sixth and last time for this year, will decide on the OPR today. Of ... Read More

by Ken Lim Recently I met up with a friend who is a retiree, owning a semi-detached home in the vibrant neighbourhood of Island Glades. His house could easily fetched more than two million ringgit in today's secondary market. His daughter now is contemplating to purchase a new property while ... Read More

The Penang government is considering a freeze of new development projects in Sungai Relau and Sungai Ara area until a detailed study on storm water management is carried out. This comes on the heels of flash floods hitting many parts of Bayan Baru and Relau here on Wednesday, the worst ... Read More

Two common questions on the local property market... Will house prices ever come down? Is it better to buy now before GST? While speakers at the 24th National Real Estate Convention, comprising an economist and a few property consultants, try to provide some form of answers, new questions have cropped ... Read More

The oldest and strongest emotion of mankind is fear’. – H.P. Lovecraft MUCH has been written recently on the mushrooming of gated and guarded (G&G) developments in Malaysia. Many of these developments have been the result of the steadily deteriorating state of security in our communities with regular reports of ... Read More

A new link road connecting Jalan Jelutong to the Tun Dr Lim Chong Eu Expressway in Penang will be open from midnight today. The 800m road, which is an extension of Jalan Tan Sri Teh Ewe Lim, will connect the Jalan Tan Sri Teh Ewe Lim, Jalan Perak and Jalan ... Read More